Insider Selling: Orla Mining Ltd. (TSE:OLA) Senior Officer Sells C$659,660.00 in Stock

Orla Mining Ltd. (TSE:OLA) Senior Officer Paul Schmidt sold 50,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 26th. The stock was sold at an average price of C$13.19, for a total transaction of C$659,660.00.

Orla Mining Stock Down 1.9 %

Shares of TSE OLA opened at C$13.10 on Friday. The company has a debt-to-equity ratio of 12.68, a current ratio of 4.54 and a quick ratio of 1.22. Orla Mining Ltd. has a 1 year low of C$4.60 and a 1 year high of C$13.76. The stock has a market capitalization of C$2.97 billion, a P/E ratio of 280.00 and a beta of 1.57. The company has a 50-day moving average price of C$10.51 and a 200-day moving average price of C$8.10.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on OLA. BMO Capital Markets raised their price target on Orla Mining from C$12.50 to C$14.50 in a research report on Thursday, March 20th. Stifel Canada upgraded Orla Mining to a “strong-buy” rating in a research note on Wednesday, March 19th. TD Securities upgraded shares of Orla Mining to a “hold” rating in a research report on Tuesday, February 4th. CIBC upped their price target on Orla Mining from C$11.50 to C$13.75 and gave the company an “outperform” rating in a research report on Wednesday, March 19th. Finally, Desjardins lifted their target price on shares of Orla Mining from C$12.00 to C$13.00 and gave the stock a “buy” rating in a research note on Wednesday, March 19th. One equities research analyst has rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Orla Mining currently has a consensus rating of “Buy” and an average target price of C$11.86.

Orla Mining Company Profile

Orla Mining Ltd is a mineral exploration company. It is engaged in the acquisition and exploration of mineral properties. The company holds two gold projects; the Camino Rojo gold and silver project in Zacatecas State, Mexico, and the Cerro Quema gold project in Panama. It conducts business activities in the geographic areas of Mexico, Panama, the United States, and Canada.